Friday March 24, 3:00 am Eastern Time
Company Press Release
TEAM Communications Group Signs Sponsorship Agreement With Prestigious European Bank Sal. Oppenheim jr. & Cie.
Sal. Oppenheim Will Become Company`s Designated Sponsor (Betreuer) in the Neuer Markt
LOS ANGELES--(ENTERTAINMENT WIRE)--March 24, 2000-- TEAM Communications Group, Inc. (Nasdaq:TMTV - news; Neuer Markt:TME), has signed an agreement wherein Sal. Oppenheim jr. & Cie., one of Europe`s oldest and largest private banks, will act as a designated sponsor (Betreuer) for the Company, Drew S. Levin, TEAM Chairman of the Board and Chief Executive Officer announced today.
Under the terms of the agreement, Sal. Oppenheim jr. & Cie. will furnish sufficient liquidity for TEAM to the electronic trading system (Xetra) according to the rules and regulations of both the Neuer Markt and the Franfurt Stock Exchange (Borsenordnung) and will provide the services of a German Stock Exchange authorized stockbroker during official trading hours. Additionally, the sales team of Sal. Oppenheim jr. & Cie. will actively distribute TEAM`s shares to institutional and private investors throughout Germany and Europe, and will advise the Company on investor relations and financial statements.
``Our agreement with Sal. Oppenheim jr. & Cie. brings TEAM to a new level of recognition within the European investment community,`` said Levin. ``Their expertise will serve to further support our expansion within the global entertainment market, specifically as our shares are admitted to the Geregelter Markt (Second Segment) and to trading on the Neuer Markt.``
Sal. Oppenheim jr. & Cie. is a seventh generation private banker. It is supported by a renowned European directed research team with expertise in small cap business and the Neuer Markt. During its 211-year history, the company has participated in such renowned business transactions as financing the construction of railroads, which allowed Cologne to become a key player in the European transportation network, to participation in the formation of major banks, to merger and acquisition and advisory services such as its assistance with the Daimler-Chrysler merger. Today, Sal. Oppenheim jr. & Cie. is one of Europe`s leading independent private banks, providing asset management and investment banking. In particular, the bank is one of the major players in the new industries such as TMT, BIOTECH and HIGHTECH. In 1998 the company maintained equity of 585 million euro and total assets of approximately 6.7 billion euro (Bank) and 7.6 billion euro (Group).
TEAM Communications Group, Inc. (Nasdaq:TMTV - news) is a leading production and distribution company specializing in family, action, adventure and reality-based programming for worldwide distribution. TEAM Communications Group currently owns and distributes over 3,500 hours of programming worldwide. The Company also produces a wide variety of programming for leading U.S. and international broadcasters. TEAM`s current co-productions include: ``Total Recall: 2070`` with Alliance Atlantis, Canada and Pro Sieben, Germany; Jack London`s ``Call of the Wild,`` an original dramatic series co-production for Discovery`s Animal Planet; Germany`s 13-part dramatic series ``Africa Quest`` for ZDF network, ``World`s Most Mysterious Places`` and ``Destination: Style`` for Discovery`s Travel Channel; ``Wild Lifestyles`` for Animal Planet and ``So You Think You`re Funny,`` with Pearson Television.
TEAM maintains offices in Los Angeles, London and Munich and its shares trade on NASDAQ (TMTV), and on the German Neuer Markt (TME).
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor`` for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by TEAM Communications Group, Inc.) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM Communications Group, Inc. filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q.
Company Press Release
TEAM Communications Group Signs Sponsorship Agreement With Prestigious European Bank Sal. Oppenheim jr. & Cie.
Sal. Oppenheim Will Become Company`s Designated Sponsor (Betreuer) in the Neuer Markt
LOS ANGELES--(ENTERTAINMENT WIRE)--March 24, 2000-- TEAM Communications Group, Inc. (Nasdaq:TMTV - news; Neuer Markt:TME), has signed an agreement wherein Sal. Oppenheim jr. & Cie., one of Europe`s oldest and largest private banks, will act as a designated sponsor (Betreuer) for the Company, Drew S. Levin, TEAM Chairman of the Board and Chief Executive Officer announced today.
Under the terms of the agreement, Sal. Oppenheim jr. & Cie. will furnish sufficient liquidity for TEAM to the electronic trading system (Xetra) according to the rules and regulations of both the Neuer Markt and the Franfurt Stock Exchange (Borsenordnung) and will provide the services of a German Stock Exchange authorized stockbroker during official trading hours. Additionally, the sales team of Sal. Oppenheim jr. & Cie. will actively distribute TEAM`s shares to institutional and private investors throughout Germany and Europe, and will advise the Company on investor relations and financial statements.
``Our agreement with Sal. Oppenheim jr. & Cie. brings TEAM to a new level of recognition within the European investment community,`` said Levin. ``Their expertise will serve to further support our expansion within the global entertainment market, specifically as our shares are admitted to the Geregelter Markt (Second Segment) and to trading on the Neuer Markt.``
Sal. Oppenheim jr. & Cie. is a seventh generation private banker. It is supported by a renowned European directed research team with expertise in small cap business and the Neuer Markt. During its 211-year history, the company has participated in such renowned business transactions as financing the construction of railroads, which allowed Cologne to become a key player in the European transportation network, to participation in the formation of major banks, to merger and acquisition and advisory services such as its assistance with the Daimler-Chrysler merger. Today, Sal. Oppenheim jr. & Cie. is one of Europe`s leading independent private banks, providing asset management and investment banking. In particular, the bank is one of the major players in the new industries such as TMT, BIOTECH and HIGHTECH. In 1998 the company maintained equity of 585 million euro and total assets of approximately 6.7 billion euro (Bank) and 7.6 billion euro (Group).
TEAM Communications Group, Inc. (Nasdaq:TMTV - news) is a leading production and distribution company specializing in family, action, adventure and reality-based programming for worldwide distribution. TEAM Communications Group currently owns and distributes over 3,500 hours of programming worldwide. The Company also produces a wide variety of programming for leading U.S. and international broadcasters. TEAM`s current co-productions include: ``Total Recall: 2070`` with Alliance Atlantis, Canada and Pro Sieben, Germany; Jack London`s ``Call of the Wild,`` an original dramatic series co-production for Discovery`s Animal Planet; Germany`s 13-part dramatic series ``Africa Quest`` for ZDF network, ``World`s Most Mysterious Places`` and ``Destination: Style`` for Discovery`s Travel Channel; ``Wild Lifestyles`` for Animal Planet and ``So You Think You`re Funny,`` with Pearson Television.
TEAM maintains offices in Los Angeles, London and Munich and its shares trade on NASDAQ (TMTV), and on the German Neuer Markt (TME).
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor`` for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by TEAM Communications Group, Inc.) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM Communications Group, Inc. filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q.
